Ritchie Bros. Auctioneers (RBA) Tops Q2 EPS by 18c, Revenues Beat

Ritchie Bros. Auctioneers (NYSE: RBA) reported Q2 EPS of $0.54, $0.18 better than the analyst estimate of $0.36. Revenue for the quarter came in at $389.1 million versus the consensus estimate of $343.67 million.

"I am proud to see the resilience, creativity and resolve demonstrated by our employees and customers. It is their perseverance and professionalism that has driven our strong second quarter results as we pivoted to 100% online auctions.", said Ann Fandozzi, Chief Executive Officer of Ritchie Bros.

Fandozzi continued, "We are encouraged by the strength of our business performance and the momentum we have exiting the second quarter. Our leading platform, global reach and the investments we've made in digital have served us well through these uncertain times. Market conditions continue to be strong and we remain focused on our priorities of maintaining the health and safety of our employees and customers, providing our customer with exceptional service, and preserving our strong financial position to the benefit of our shareholders."

For earnings history and earnings-related data on Ritchie Bros. Auctioneers (RBA) click here.

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